All Forum Posts by: Kyle Swengel
Kyle Swengel has started 24 posts and replied 82 times.
Post: InvestTucson April Meetup!
- Rental Property Investor
- Tucson, AZ
- Posts 83
- Votes 50
Just reminder that this is tonight! See you there!!
Tucson AZ
Post: Do you want some tenants?
- Rental Property Investor
- Tucson, AZ
- Posts 83
- Votes 50
Hey Dave!
Are they looking for furnished or unfurnished?
Feel free to DM me and send them my info as well. I run a meetup and have a network of friends with furnished and unfurnished places in Tucson. I have a handful of both and have some openings coming up as well! I would love to give them a high quality stay here in Tucson!
Kyle Swengel
Quote from @Dave Gillie:
I have just purchased a new home, and I just found a tenant for my old home. While interviewing potential tenants, I talked to this really great couple. I did not have them apply because I did not want them wasting their time/application fee when I was pretty sure my first candidate would work out... So I did not see their credit report, but I had a very good impression of them. It's a young husband and wife with one 12-year-old poodle. They are moving to Tucson, AZ for the husband's job (Raytheon Technologies, airport site). They were well-spoken, personable, and even willing to change their timeline and move in sooner for my sake because they liked the idea of renting from a person/owner instead of a company. When I told them that things were going to work out with my other applicant, they said "Thanks so much for letting us know, and congratulations on finding a tenant. If you happen to have any referrals or recommendations for other private leasing arrangements, please let us know. Until next time!"
I do want to help them, so I'm posting this. If you are a landlord in the Tucson area, and you are managing your own property, I may be able to connect you with some good tenants!
Post: InvestTucson April Meetup!
- Rental Property Investor
- Tucson, AZ
- Posts 83
- Votes 50
Hey BP!
We are having our monthly InvestTucson meetup at Borderlands Brewing Company off of 6th St at 6pm on April 22nd. If you haven't joined us for a meetup before, typically a 20-25 of us local Tucson AZ investors get together, hangout, and talk real estate. Everyone is from different backgrounds/experience levels, and the goal is to get to know other investors in town and help eachother in whatever way we can! If you haven't gotten a deal done yet or you're a real estate pro, feel free to join us! If you have any questions about the event or want to reach out to me prior to it feel free to shoot me a request and a message.
There are two locations for Borderlands so make sure you go to the one on 6th St by Sam Hughes, not the one that's downtown!
Hope to see you there!!
Kyle Swengel
Post: InvestTucson April Meetup!
- Rental Property Investor
- Tucson, AZ
- Posts 83
- Votes 50
Hey BP!
We are having our monthly InvestTucson meetup at Borderlands Brewing Company off of 6th St at 6pm on April 22nd. If you haven't joined us for a meetup before, typically a 20-25 of us local Tucson AZ investors get together, hangout, and talk real estate. Everyone is from different backgrounds/experience levels, and the goal is to get to know other investors in town and help eachother in whatever way we can! If you haven't gotten a deal done yet or you're a real estate pro, feel free to join us! If you have any questions about the event or want to reach out to me prior to it feel free to shoot me a request and a message.
There are two locations for Borderlands so make sure you go to the one on 6th St by Sam Hughes, not the one that's downtown!
Hope to see you there!!
Kyle Swengel
Post: Turning a 4Unit into a 5Unit Property
- Rental Property Investor
- Tucson, AZ
- Posts 83
- Votes 50
Hello BP!
I invest in Tucson AZ and I have a 4 unit property in 85716 that used to be a 5 unit until around 2017.
I understand the implications of it being a commercial property when it comes to permitting, zoning, and financing. What else should I be considering? Seems like utilities might be higher and Wi-Fi will be a bit higher for moving things to commercial.
Just some background, I househack this fourplex and rent all of the other units to mid term guest/travel nurses. When it’s a 5 unit property it’ll all be rented to mid term guests and nurses. I and am putting solar (purchasing) on it as an owner occupied property since I pay all of the utilities. I will get the 30% tax credit back and wrap in a few electrical and plumming changes that need to happen for it to be a 5 unit and get money back for those too since they are related to the solar.
What am I missing? What red flags are you all seeing that I’m not?
Post: Invest Tucson - A Local Real Estate Networking Group
- Rental Property Investor
- Tucson, AZ
- Posts 83
- Votes 50
Quote from @Thomas Nordberg:
I unfortunately missed these, but hopefully there will be more meetups in the near future!
I just replied to you in another thread. But we do them monthly. If you shoot me your number I’ll add you to the text blast that goes out for them.
Kyle
Post: New to Arizona and BP
- Rental Property Investor
- Tucson, AZ
- Posts 83
- Votes 50
Quote from @Thomas Nordberg:
Good afternoon Bigger Pockets community!
I have been a real estate investor on and off since 2009, but just got into the bigger pockets podcasts and stuff in the past few months. I have been a real estate agent in Louisana since 2019, and am in the process of moving to the Tucson, Arizona area. I am finishing up my AZ RE brokers license, and am going to give starting my own office a try. I am still an active duty military pilot, so I am hoping to get that foundation build up over the next few years while I still have that W2 income.
Most of my experience on the investor side is in the Long Term Rental space, with a couple of fix and flips interspersed in there. I am planning on moving into the STR space in Arizona, as well as building a MTR portfolio. I would love to engage with other folks in the BP community in the Tuscon area, and look forward to interacting with all of you on the Forums!
As a side note, if anyone has a recommendation for a attorney in Arizona that is familiar with Arizona Real Estate business setup and planning, I would greatly appreciate the reference.
Thanks!
Tom
Hey Tom, I’m an HC130J pilot at DM. I would love to sit down and talk real estate with you. I’ve got a few multi fams in Tucson. Feel free to reach out if you want to talk!
Kyle
Post: Who Else is Doing Mid-Term Rentals in Tucson AZ?
- Rental Property Investor
- Tucson, AZ
- Posts 83
- Votes 50
Quote from @Aditya Kohli:
Hey Kyle, would love to connect with you! I do a mix of STR and MTR in Tucson ( STR for peak season around gem shows ) and MTR during the other months
Post: VA home loan
- Rental Property Investor
- Tucson, AZ
- Posts 83
- Votes 50
Quote from @Jacob English:
Quote from @Ashley Undercuffler:
It sounds like this really worked out for you! I'm so happy to see someone succeeding in the industry! What are your next steps?
Hey Jacob! When you get out here to Tucson we have a great network of investors here, a few of which are like you and I and have served. I would love to introduce you and let me know if you need any help with info or building your team out here. I hold a non-structured investor meetup out here to get investors together that you could come to if you wanted. I would be more than happy to help out where I can! I have several rentals in Tucson and would be more than willing to help you learn the area and point you in the right direction. Let me know!
Post: Who Else is Doing Mid-Term Rentals in Tucson AZ?
- Rental Property Investor
- Tucson, AZ
- Posts 83
- Votes 50
Hey @Jason Sousa,
I am not sure what you should charge them because I self manage. Normal unfurnished long term property management is normally 8-12% but MTR is a lot more involved than that. I would say it would have to be above 15% but closer to 20% for me to consider managing for someone else. What I have seen in my rentals is that I get 2x the rent for a MTR that I would get from a LTR, that’s in Tucson AZ anyway. But you also have to subtract utilities, turn costs, starting items (kitchen and cleaning items you give them), and furnishing upkeep/maintenance. So you don’t get to pocked all of the extra.
The other thing to keep in mind is that you will have to keep a supply closer or room with your extra bedding and materials and a checklist for you cleaning person to run when they turn the unit, as well as a smooth process to screen, lease sign, and collect payment from the guest.
I think that MTRs are better than STRs personally but MTRs aren’t easy either. If I was just going to have one or two MTRs I probably wouldn’t do it but with several in the same house I think it makes sense.
Hope that helped!